Registered number
02334731
Frico Holding Limited
Filleted Accounts
31 December 2024
Frico Holding Limited
Registered number: 02334731
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 59,540 59,540
Current assets
Debtors 5 493,217 491,330
Cash at bank and in hand 382,400 377,333
875,617 868,663
Creditors: amounts falling due within one year 6 (4,967) (4,573)
Net current assets 870,650 864,090
Total assets less current liabilities 930,190 923,630
Creditors: amounts falling due after more than one year 7 (1,822) (1,822)
Net assets 928,368 921,808
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 927,368 920,808
Shareholder's funds 928,368 921,808
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Fritzoe
Director
Approved by the board on 26 August 2025
Frico Holding Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The company has taken advantage of the exemption under section 399 of the
Companies Act 2006 from the requirement to prepare group accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: R S Banga
Firm: The Zane Partnership
Date of audit report: 26 August 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 59,540
At 31 December 2024 59,540
Historic cost analysis:
2024 2023
£ £
Frico Holding AB 59,540 59,540
At Cost 59,540 59,540
The company owns 100% of the ordinary share capital (SEK 300,000) of Frico Holding AB
incorporated in Sweden and whose principal activity is that of a holding company.
At the year end dates, the aggregate of the share capital and reserves and profit for the year of
Frico Holding AB was as follows:
2024 2023
£ £
Profit/(loss) for the year (44,257) 1,608
Share capital and reserves 526,191 570,448
The company in turn holds 100% of the issued share capital of its following subsidiaries:
Country of Issued Class of
Incorporation Share Capital Shares Held %
Frico Teknik & Formstallning AB Sweden SEK 300,000 Ordinary 100
FTF Fastighet AB Sweden SEK 100,000 Ordinary 100
Frico Uthyrning AB Sweden SEK 100,000 Ordinary 100
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 493,217 491,330
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,927 1,927
Taxation and social security costs 1,539 1,325
Other creditors 1,501 1,321
4,967 4,573
7 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loans 1,822 1,822
8 Controlling party
The director Mr S Fritzoe is the ultimate controlling party by virtue of his shareholding in the company.
9 Other information
Frico Holding Limited is a private company limited by shares and incorporated in England. Its registered office is:
925 Finchley Road
London
NW11 7PE
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